Pension AVC, non Prsi Additional Earnings

longshotvalue

Hi,

Im just wondering if its possible to put non main job additional earnings into an Pension AVC. My end of year for last year will be done later this year, and is it possible to Just AVC the additional earnings. I dont have any othe employee Pension as is so can hopefully put in the max 35k ?

Peregrinus

Depending on your age, you can contribute between 15% and 40% of your earnings from your employment (but your earnings for these purposes are capped at €115,000; if you earn more than that, then what you can contribute is somewhere between 15% and 40% of €115,000).

The revenue don't care where you get the money to do this. You could have non-employment earnings that you use to fund the contributions, or you could be dipping into your savings, or using money you have inherited. It doesn't matter. All the revenue care about is the total amount you contribute, as a percentage of the total amount you earn from your employment (or as a percentage of €115,000, if lower).

longshotvalue

https://www.boards.ie/discussion/comment/121948553#Comment_121948553

Thanks for that . i kind of figured that but was told different.

Henry Ford III

You'd possibly have to use a separate PRSA for your non core earnings.

amacca

https://www.boards.ie/discussion/comment/121949064#Comment_121949064

Which could have advantages..